Why I Sold 130 Rental Properties

🎯 JOIN THE BE WEALTHY MASTERMINDWant to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.━━━━━━━━━━━━━━━━━━━━━━━Diversification Makes You Rich. It Won't Make You Wealthy. | Brett Tanner + Katelyn MitchellBrett and Katelyn are recording live from Apple Mountain Resort in Georgia, two weeks after their family office closed on the 285-acre property. Before they get into their ten-things series, Brett lays out the argument that most agents and investors build portfolios the wrong way: lots of small bets feel safe, but they'll cap your wealth and bury you in management units. The episode covers five of ten things the wealthy gladly overspend on, and the real estate investor lens runs all the way through it. Brett's 130-unit portfolio versus Apple Mountain's one management unit makes the point better than any spreadsheet. Part two drops next week with the remaining five.━━━━━━━━━━━━━━━━━━━━━━━⏱ TIMESTAMPS0:00 Intro0:37 Apple Mountain Acquisition3:05 Auction Due Diligence9:44 Three Ways to Make Money15:36 Concentrated vs. Diversified Bets18:27 Wealthy vs. Fake Rich22:42 Four Spending Categories24:43 Time: Buying It Back32:12 The Highest Dividend36:00 Two Scorecards of Life41:29 Health and Longevity46:48 Sleep as an Investment53:17 Learning and Skills55:06 Paying for Expertise1:00:30 Building a Mental Model1:05:14 Kids Education and Exposure1:08:45 Raising Non-Entitled Kids1:14:38 Trusted Advisors1:18:27 CPA and Tax Strategy1:22:38 Estate Attorney and Fiduciary1:27:30 Episode Wrap and Preview━━━━━━━━━━━━━━━━━━━━━━━📚 BOOKS & RESOURCES MENTIONED- The Millionaire Real Estate Investor by Gary Keller- The Millionaire Next Door by Thomas J. Stanley- The Psychology of Money by Morgan Housel- The Almanac of Naval Ravikant by Eric Jorgenson━━━━━━━━━━━━━━━━━━━━━━━🔗 GET CONNECTEDWebsite: www.BeWealthy.comYouTube: youtube.com/@bewealthybrettInstagram: instagram.com/bewealthybrettFacebook: facebook.com/brettbewealthyX/Twitter: x.com/bewealthybrett━━━━━━━━━━━━━━━━━━━━━━━🎁 FREE RESOURCESSome links below are partner or affiliate links. Be Wealthy may earn a commission at no extra cost to you.Free Tools & Downloads: https://www.bewealthybrett.com/resourcesCost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.comInfinite Banking Education: SaveLikeaBank.comSelf-Directed IRA: MaxOutRetirement.comTrust & Entity Structure: SetupMyEstate.comOff-Market Deals & Direct Mail: TheMagicMailers.com1031 Exchange: Exchange1031Now.comBookkeeping & Financial Services: BooksOffMyPlate.comPPC & Digital Marketing for RE Investors: ScaleMyDeals.com━━━━━━━━━━━━━━━━━━━━━━━🎙 ABOUT THE SHOWThe Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.Mission: Get Free.━━━━━━━━━━━━━━━━━━━━━━━⚠️ DISCLAIMERBe Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.━━━━━━━━━━━━━━━━━━━━━━━ABOUT THE CONVERSATIONBrett and Katelyn recorded this one on-site at Apple Mountain Resort, the 285-acre golf and residential property their family office acquired two weeks prior. Brett makes the case that diversification is a path to getting rich, not wealthy, and that concentrated bets, executed well, produce the compounding that actually builds wealth. From there they cover the first five of ten things the wealthy actually overspend on: time, health and longevity, learning and skills, kids education and exposure, and trusted advisors. Part two drops the following week.